MARKETS LIVE: Rate hike concerns, global cues to steer indices today

SGX Nifty Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 20.5 points or 0.19 per cent. Nifty futures were trading around 10,593-level on the Singaporean Exchange. Asia stocks fall after rally Asian stocks dipped on Tuesday as the markets took a breather after the previous day’s rally, although tech-inspired Wall Street gains helped limit the losses, with investor focus moving away from trade concerns and back to benign economic fundamentals. MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.1 per cent after surging 1.4 per cent the previous day. Japan’s Nikkei gained 0.2 per cent and South Korea’s KOSPI lost 0.3 per cent. Wall Street ends higher Wall Street’s three major indexes rose on Monday, led by a rally in tech stocks, pushing the Nasdaq to a record closing high as investors bet on a continuation of strong economic growth, while falling oil prices weighed on the energy sector. The Dow Jones Industrial Average rose 178.48 points, or 0.72 per cent, to 24,813.69, the S&P 500 gained 12.25 points, or 0.45 per cent, to 2,746.87. The Nasdaq Composite added 52.13 points, or 0.69 per cent, to reach 7,606.46, a record closing high. Good Morning! Welcome to market’s live blog. Catch all live market action here

The markets on Tuesday will focus the Reserve Bank of India’s (RBI) second monetary policy review of 2018-19. The policy decision is due on Wednesday, June 6. The central bank may hike rates on concerns that already above-target inflation will climb further.

Investors will also follow the monsoon’s progress and the rupee’s movement against the US